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2020-6-20The hike in export duty on iron ore in two phases in 2012 will have severe implications for the iron ore industry.
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2020-6-20The hike in export duty on iron ore in two phases in 2012 will have severe implications for the iron ore industry.
Ms. NMDC Limited the applicant is Indias largest iron ore producer and exporter. It extracts iron ore from fully mechanied mines provided by the Government of Chhattisgarh on lease.
AMONG the worst hit by the hike in excise duty are exporters from the tiny state of Goa which is the largest producer and exporter of iron ore. S.
2015-11-16LOT Name Iron ore High Grade Lumps Qnty. 8000 - 10 MT in lots of 4000 MT. Type of ore High Grade Iron Ore Lumps 10mm to 40mm Below 10mm 15. Bidding basis concerned stack pile NFP20I4L. Vyasankere Iron Ore Mines Hospet ML No. 2416 Excise Duty of 6.678 is part of the price and MSPL Ltd.
TAXABILITY OF MINING SERVICES Service Tax. Service tax has been imposed on Mining Services i.e. services outsourced for mining of minerals oil or gas by the Finance Act 2007 as a separate taxable service with effect from a 1st June 2007 vide Notification No. 232007-ST dated 22.05.2007.
The government has reduced export duty on iron ore pellets to ero from 5 percent a move that will make the commodity more competitive amid subdued demand and weakening prices.
Approximately 60 per cent of customs duty revenue in 2012-13 is expected to be derived from duty imposed on imports of petroleum products tobacco beer and spirits which is akin to excise duty on these items. 17 4.1.
2020-5-11Heading 26.01 of the Central Excise Tariff applies to Iron Ore and concentrates including roasted iron by rites. The Revenue wants to levy duty on the ground that the mined iron ore is subjected to crushing grinding screening and washing and it becomes iron ore concentrate which is covered by Heading 26.
Govt indifferent to Buners marble industry 80 units. Earlier the KP government had announced to set up a Buner Marble City.
Therefore we can say that excise duty is not levied on 1 Services such as doctors treating the patients accountants preparing the accounts in these cases service tax are levied. 2 Immovable goods such as roads bridges and buildings. 3 Non-Marketable goods i.e. goods for which no market exists e.g.
The date of removal is relevant and the rate of excise duty applicable on the date of removal shall be actual rate of excise duty to be paid. 19.2.
2011-10-26The government stands to lose about INR 10000 crore US 2.
Jv operations iron ore sulawesi iron ore fine production segregation of iron ore in mines how is iron ore processed iron ore royalty and excise duty beneficiation of iron ore by heavy medium separation force to break iron ore iron ore needs to be sintered minerales processing low grade iron ore hematite dry screening for iron ore minerals.
2015-12-3Short levy of royalty on bauxite 6.5.2 127 Short levy of royalty on sied coal 6.5.3 128 Non-levy of royalty on low grade chromite fines 6.5.4 129 Short levy of royalty on iron ore due to incorrect assessment 6.5.5 130 Short levy of royalty on steam coal 6.5.
2016-4-15The Central Board of Excise and Customs CBEC has issued Notification Nos. 22-242016-Service Tax 242016-Central Excise NT and Circular No. 192022016-Service Tax dated 13 April 2016 dealing with applicability of service tax on services provided by Government or a local authority collectively referred as the Government.
2013-6-213 Cental excise duty with Education Cess 6.18 leviable on basic price siing chargeSEDRoyalty rapid loading charge and surface transporting charge wef 17.03.
The petitioner in Writ Petition No. 1934 of 1967 is engaged in winning iron ore and the petitioner in Writ Petition No. 2131 of 1967 is winning both iron ore and manganese ore. . royalty tax fee and other . The State of Bihar .
The definitional difference between an excise duty and levy is very vague indeed.
2020-5-4Royalty-paid iron ore can be shipped out of Goa Supreme Court .
2020-7-21According to the latest figures of the Directorate of Mines Orissa produced 46.07 million tonnes of iron ore in 2004-05 and earned Rs.72.85 crore as royalty. To put things in perspective in the same year up to December 2005 the State earned Rs.223.63 crore as excise duty on alcohol.
The affected revenue streams include Goods and Services Tax GST Import and Excise duty on petroleum products and royalty on iron ore and excise duty on alcoholic beverages.
In a set of Frequently Asked Questions FAQs released by the Central Board of Excise and Customs CBEC it was clarified that the license fee lease charge royalty etc paid to the Government for assigning the right to use natural resources are subject to.
2016-8-17Excise duty on steel products reduced from 14 to 10 w.e.f. December 07 2008 . of Export duty on iron ore has been an important step for enhancing raw material security for the domestic steel industry. Following rates of duty were imposed on iron ore exports in the Finance Bill 2007-08 .
Excise Tax On Quarry. Excise tax eyed over local quarry industry - SUNSTAR. Sabarriaga said the excise tax is additional revenue for the government as it serves as royalty from the extraction of natural resources.
2014-11-25Mineral Ore Export Association records from 2000-01 to 2000-11 is about 15973625 metric tonnes. i.e.
2015-12-3Underassessment of royalty on steam coal resulted in short demand of 4.67 crore. Paragraph 7.3.1 Assessment of royalty on processed iron ore instead of unprocessed iron ore resulted in underassessment of royalty of 17.35 crore in two cases. Paragraph 7.3.2.1 and 7.3.2.2 216.
New Delhi Nov 30 UNI Industry chamber Ficci has urged the Finance Ministry to undertake a drastic cut in the specif.